Marina Bay with Suntec City and National Stadium and Kallang in the background.

5/13/2017

When globalisation makes a sham of national policies

The left ball did not know what the right ball is thinking. This is what happens when national policies were cooked without being mindful of the harm of globalization could do to undermine national policies. A very good case is the influx of foreign fake graduates to replace Singaporean graduates in the economy when there is a cap of 30% put on each cohort for admission to local universities.

The statestimesreview has an article that succinctly exposed the stupidity when the two policies are in conflict and as usual, the daft Singaporeans would bear the brunt of the stupidity. Here is an excerpt from the statestimesreview.

Education Minister Ong Ye Kung made the revelation today (May 4th) at a forum discussion in Switzerland, and also said the policy is to prevent degree holders flooding the market like “some Asian countries”:

“In Singapore, this means capping the proportion of graduates in a cohort at about 30 to 40 per cent, while training the rest for vocations in various industries. This approach has ensured there was no glut of graduates in Singapore, and kept graduate unemployment low, unlike in some Asian countries.”

In the meantime, foreigners qualifying for Employment Pass (EP) will need to hold a minimum Bachelor Degree – even when the degree is from a village university in Philippines, China or India. EP visa holders are also guaranteed a Minimum Wage of S$3,600, while there is no Minimum Wage for Singaporeans…’

. The article provided more details of the adverse consequences on Singaporeans that ended up as fools and victims of the two policies. How could this thing happen for so long and no one could see how wrong it has become and no one thinks it is important enough to put it right? We restrict our own talents from entering universities but brought in all the craps and fakes to replace them. We pay the craps and fakes better salaries while our 'bypassed' talents ended up at the lower end of the food chain.

This is definitely a crime against our very own citizens. The whole thing is so silly, beyond comprehension, totally irresponsible.

In New Zealand and China their PM / president warn their colleagues that politics is a calling to serve the country and the people and if any of the politicians think parliament is a place for them to make money and enrich themselves they should resign and leave parliament forthwith.But it is so different in some South East Asian countries the PMs are so busy promoting themselves and of course with promotion it entails an upsurge increase in their salaries.These PMs, ministers and MPs of these South East Asian countries have no shame at all.They worship only one God - The Money God

Daft Sinkies are not as bad as Dumb-Ass Bootlickers who try to act smart by using stereo-type fixated logic to explain off the obvious uncaring, inhuman cheap-labour flooding of the Singapore Jobs Market for the sole dubious objective of GROWING THE GDP AT ALL COST, a glaring untenable long-term economic goal inspired by overwhelming greed of the Highest Order in this World. Pathetic!

A tragedy for daft Sinkies suffering money no enough as no better party can fight and replace PAP to fight and care for them.

As for the smart and rich Sinkies, they are still having good life even though PAP is screw up. And if they cannot, they will emigrate elsewhere for the good life. It has happened, is happening and will continue to happen.

That's why smart Sinkies don't join the Sinkie opposition to make it strong and ready to be govt.

They must "waste" another 2 more years doing NS!Fair?May 13, 2017 11:49 am

There should be enough Operationally Ready NS men to vote out the PAP if they think they are being treated unfairly.- since PAP government can still win 70%- obviously our NS men are very happy and satisfied with their duties

///Just look at the opposition managed WP Town Council AHTC. Can't even get something as basic as their finances right after 6 years! Like that how to govern a country? ///

Just look at the Apathetic PAP-managed Town Councils, Statutory Boards and Ministries, plus the GIG-GIC and Temasick Ho"s-Ding! Can't even get something as basic as their Financial Management, Transparency and Accountability correct after 60 (SIXTY) Years of governing with the help of Top Scholars and Expensively-Paid CONsultants and Gold-Mine-Digging Ministers! Like that, how to claim world best? Must be very thick-skin shameless beams, right? How to let them continue to givern forever?

///And they are the strongest some more, and the only opposition party having MPs in Parliament.///

And they are the only Dominant Party with Absolute Unfettered Powers some more! And the ONLY Political Party that holds 90% majority in Parliament some more! Passing Bills and Laws like changing soiled nappies at anytime at any whim and fancy!

///And if the strongest is like that, what more the rest?///

And if the Best PAP Political Leaders are like that, what more their cronies, sycophants, running-dogs and parasitic blood-suckers???

Seek political asylum in USA and embarrass the PAP like what Sinkie boy hero Amos did?

In fact Amos still in jail in USA u know, and for 6 months already. And if the US govt is successful in their appeal against his asylum, Amos may even be repatriated back to Sinkieland to serve his NS! And kena jailed in USA for nothing!

So still want to be Amos?

That's why PAP knows that Sinkie boy hero Amos will be the first and last Amos. So no more Amoses after PAP and USA kou tim (dealt with) with Amos.

"the policy is to prevent degree holders flooding the market like “some Asian countries.” So the PAP cap the local University grads at 30%, but bring into Singapore the excess degree holders of other Asian countries.

Our future towns will feature even more lush, open spaces that can be enjoyed safely by pedestrians, rather than a landscape blighted by roads, car parks and cars. For those who still insist on driving, we will provide roads, but underground, as far as possible.We look forward to developing this exciting future for mobility in Singapore and improving the quality of life and the living environment for Singaporeans.

Read more at http://www.channelnewsasia.com/news/singapore/commentary-singapore-s-impending-urban-mobility-revolution-8830732

Where find money and who is going to maintain it? Your childrren without degree?

“So the Fosbury Flop is a story of a sudden leap that disrupted the game, making old techniques redundant, and everyone then copying and improving it and taking the record even higher,” he added. “That’s how it must be in the economy, and especially in the industries that have been stuck in low gear. We have to allow and encourage disruptive change. There is clearly scope for it.”He cited the example of the retail industry where e-commerce is a game-changer, and in the urban logistics and construction industries.“If we can achieve this – both the bold, disruptive changes and the constant improvements that are part of an innovative economy – we can keep growing WAGES for the majority of Singaporeans,” he added.

Read more at http://www.channelnewsasia.com/news/singapore/singapore-has-to-deepen-skills-spur-innovation-in-every-industry-8844264

Concluding, Mr Tharman said Singapore's greatest strength must remain its ability to help people keep developing through life and to earn their own success in every walk of life: "We must develop every Singaporean so that they can create the best future for themselves, and for Singapore."Read more at http://www.channelnewsasia.com/news/singapore/singapore-has-to-deepen-skills-spur-innovation-in-every-industry-8844264

Tap your creativity for disruptive changes so that you will always be on the brink of death or someone's death and those who are lucky to survive will continue the Creative work of disruptive changes for the prosperity of the most ruthless and the multimillionaire masterminds( you call such ideas work on their part??fart all day call work ah??)?

Globalisation was used as an excuse to bring about such (unjust) policies that (predominantly) obliterated the livelihood and thus the future of the lower income and also shattered the rice-bowls of many middle-age PMETs evidenced by the proliferation of ever oncreasing number of licensed money lending shops (popping up like overnight mushrooms after a heavy thunderstorm rain) and the most "HIGHLY QUALIFIED AND EDUCATED" army of work force in the taxi and ride-hailing business .......?

Professionals with good, stable jobs and high income have access to cheap abundant credit with as low interest rates as less than 2%? Unless YEW put a gun to their heads, they will never go to those ever-increasing licensed money lenders littered throughout the centres and neighbourhoods of the heartlands and even in the Central CBD areas with many such businesses having branches and outlets in older buildings in Chinatown, Bugis, .......etc?

With the unabated multiplication of licensed money lending shops across the entire island, it is obvious that there are massive underlying demand supporting the business costs and hefty fat profit margins of such LEEgalised "(semi) loan sharks" as it is NOT an exageration to liken the interest rates paid on some of these loans taken by many low income, desperate, poor heartlanders as comparable to ilLEEgal loan sharks?

How did "GLOBALISATION" ended being used by many POLITICIANS & their CRONY BUSINESSES to widen income inequality across the globe and make the poor even POORER?

The foreigners reading uncle's blog and the silly anti people policies must be shaking their heads in disbelief. How could there be such idiotic leaders running a country and being voted by an even more idiotic population that could not see how their future and the future of their children being ruined by such reckless policies?

How is "GLOBALISATION" linked to (unsustainable) easy growth tied to capital accumulation and population growth that exacerbated gaping social inequality and hugely enlarged the social cracks in many countries into massive craters?

Going back to the construction worker (now named as Muthu for easier illustration purpose) and the 5 bulldozers example, starting from 1990, LaoGoa (and his 2G Cohort) embarked on a massive asset inflation drive to generate easy growth and hoodwink sinkies that what GKS can do, he can do better?

Alas, an average HDB 4-roomer that cost under $100k in 1990 was driven to about $350k by 1996 at the height of LaoGoa policies man-made property bubbles ........

In economic jargons as well as NATIONAL INCOME ACCOUNTING (aka GDP computation), the construction of properties is parked under Investment (I) under the sub-category of "Residential Investment".

In short, if massive investments are channelled to productive capital formation, it is a good thing as a factory built can generate jobs and economic growth for many years to come and help boost employment and boost standard of living through workers having jobs and regular income etc.

But other than a one-time off of adding to GDP numbers, what "PRODUCTIVE" use does residential investment generate in the economy?

Driving growth through properties and thus residential investment is NOT without future risks and livelihood-wrecking consequences?

Look at Spain ........ what was the root cause of their problems since 2010?

Spain, together with Portugal, Ireland, Italy and Greece are labelled "PIIGS" by the financial world and media since 2009/ 2010 as "PIIGS" actually stands for "Portugal, Ireland, Italy, Greece and Spain" ........

So, what has driving growth through residential investments and formenting property bubbles got to do with Globalisation, people's livelihood and the masses?

What has it got to do with Muthu (the construction worker from India in this example) and the 5 bulldozers (for illustration purpose)?

What has it got to do with the past 117 years of growth history across the globe, the causes of growth and the Inada Conditions mentioned in Part 8?

Hello,I am richard Loan Funds the legal owner of a fast and liable loan thatissue out both short and long terms loan to all individual privateand business men/women anyone interested should contact for moredetails: richardloancompany3@gmail.com

Please pardon me for disturbing your valued time.

This is a Finance Lending Organization; we are specialized in fundingand offering of Loans @3% rate to interested individuals and companieswho are seeking financial assistance and business growth or businessexpansion fund. We offer Loans with a dependable guarantee to all ourqualified applicants: richardloancompany3@gmail.com

‘PSI levels above 400 may be life-threatening to ill and elderly persons. Healthy people may experience adverse symptoms that affect normal...

Headphones

Electronics

ebay

Disclaimer

As owner of this blog, I bear no responsibility to what other bloggers may post. I encourage all to speak freely without indulging in libel or defamatory content. Anyone who feels offended by any posting can email me and I will remove the offending article if appropriate. Contact me at redbean9@gmail.com